A little-known vape company is up 800% in a day after its crypto treasury play ignites a meme-like stock rally
CEA Industries, which produces nicotine vapes and primarily serves Canada's market, announced a strategic pivot Monday morning.
A company statement said that CEA is taking steps to establish what will become the world's largest publicly traded BNB treasury. BNB is the native token of Binance, the world's biggest cryptocurrency exchange. As of Monday afternoon, the token is the fifth-largest crypto, with a market cap of $116.3 billion.
CEA plans to fund the initiative through a Private Investment in Public Equity (PIPE) offering that could raise as much as $1.25 billion in gross proceeds.
According to the statement, it "consists of a common equity PIPE delivering $500M in gross proceeds ($400M in cash and $100M in Crypto), plus up to $750M in cash which may be received from exercised warrants to be issued in the private placement."
"BNB Chain is one of the most widely used blockchain ecosystems globally, yet institutional access has been limited until now. By creating a U.S.-listed treasury vehicle, we are opening the door for traditional investors to participate in a transparent way. This is a significant step in bridging digital assets and mainstream capital markets ," the company's incoming CEO, David Namdar, said.
Following the news, the stock ripped higher by as much as 833%, jumping from Friday's closing price of $8.88 to an intraday high of $82.88.
The wild rally looks like a continuation of last week's meme stock madness, with shares of CEA boosted by bullish traders online. According to the retail trader forum Stocktwits, mentions of the company on the site were up 12,000% on Monday, with sentiment spiking to "extremely bullish."
But there's also more news driving the stock higher compared to the moves in the DORKs last week, which surged despite no updates from the companies.
Crypto treasuries have been in focus this year, with numerous companies announcing plans to start hoarding cryptocurrencies like bitcoin and ethereum in corporate treasuries. The list includes Trump Media & Technology Group, which recently made a large bitcoin and related securities purchase.
Corporations appear to be aiming to replicate the success of Strategy, which has been amassing vast amounts of bitcoin on its balance sheet since 2020, helping send the stock to dizzying heights in recent years.
One of the market's largest tokens by market cap, BNB is likely sparking similar enthusiasm, as investors hunt for the next big crypto treasury play. CEA's statement says that it will provide the treasury with "opportunities to generate income and rewards on the BNB Chain and Binance ecosystem."
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 hours ago
- Yahoo
BNB Tops $760 Amid Corporate Adoption and New Binance Features
The price of BNB climbed nearly 2% in the past 24 hours to top the $760 mark, with data showing a burst of activity behind the price rise. Volume spiked nearly 50% above daily averages, according to CoinDesk Research's technical analysis model. The price action followed a textbook two-phase accumulation: early consolidation, then a breakout driven by coordinated buying that pushed through technical resistance levels. This tailwind coincides with recent developments from Binance, a key player in BNB's ecosystem. The crypto exchange launched a web version of its Binance Wallet, letting users approve trades for up to seven days in advance to reduce friction for high-frequency or active traders. Binance also opened bitcoin options writing to all users, removing VIP restrictions. Traders still need to pass risk checks and post collateral. They gain 20% discounts on the platform's fees, including on BNB-denominated contracts. A wave of corporate adoption is signaling growing confidence in BNB, with several U.S.-listed companies announcing significant financial commitments to the cryptocurrency. CEA Industries (VAPE), which, with backing from Binance co-founder Changpeng Zhao's family office, Yzi Labs, unveiled an ambitious plan to raise up to $1.2 billion. Clinical-stage firm Liminatus Pharma (LIMN) is also launching a dedicated BNB investment arm with a $500 million funding target, while Windtree Therapeutics (WINT) has disclosed a strategy to acquire $700 million in BNB. Meanwhile, tech company Nano Labs has already taken action, reporting the purchase of 128,000 BNB as a cornerstone of its new crypto treasury initiative. Technical Analysis Overview BNB's price action shows hallmarks of a managed rally. Volume concentrations far exceeded hourly norms at key points in the move, signaling coordinated buying. A breakout through resistance levels at $759 and $761 came with minimal slippage, often an indicator of deeper liquidity and pre-structured entry points typical of corporate treasuries. The asset held firm around $745.81 during earlier consolidation, establishing a clear support zone. From there, it climbed in measured steps, breaking technical ceilings and holding gains. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Yahoo
What are the long-term implications of 'One Big Beautiful Bill'
-- In a note to clients Wednesday, Wolfe Research told investors that it expects the 'One Big Beautiful Bill' (OBBB) to boost growth in the near term but weigh on the U.S. economy over the longer horizon. 'We see a net boost to growth in 2025 and 2026 before it becomes a growing drag on GDP,' the firm wrote. The firm explains that the bill's design is front-loaded on stimulus, with spending cuts phased in over time. Wolfe's policy team projects a combined $122 billion of stimulus in 2025 and $277 billion in 2026, translating into a 0.1% boost to GDP in 2025 and 0.4% in 2026. However, 'tariff headwinds' are expected to subtract 60 basis points from GDP in 2025 and 10 basis points in 2026, leaving a net effect of -50 basis points in 2025 and +30 basis points in 2026. Wolfe said, 'Stimulus from the individual tax cuts should start to have an impact in the coming months,' as withholding tables adjust and retroactive corporate tax cuts begin to affect quarterly payments. Over the long term, Wolfe projects a drag of 26 basis points to GDP, despite more optimistic estimates from the Council of Economic Advisers (CEA), which sees a 2.4% to 2.7% boost to GDP by 2034. 'This is a clear outlier… which we are quite skeptical of,' Wolfe said. Wolfe estimates the bill will add $3.4 trillion to the deficit versus current law, with dynamic estimates factoring in higher interest rates and output. Still, compared to current policy, 'it's only modestly worse for the deficit,' Wolfe noted, as much of the cost reflects extensions of the 2017 tax cuts that were widely expected. Related articles What are the long-term implications of 'One Big Beautiful Bill' Clients buying into summer rally, bracing for later pullback, says BofA's Hartnett If Powell goes, does Fed trust go with him? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Yahoo
PEPE Price Prediction: Where Pepe Could Be by 2025, 2026, and 2030
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Analysts are projecting that Pepe (PEPE) could reach $0.00002480 by 2030. Think this PEPE price prediction might play out? You can trade Pepe on Coinbase — and . PEPE (PEPE) is a cryptocurrency memecoin launched in April 2023, themed after the popular internet meme Pepe the Frog. As an ERC-20 token built on the Ethereum blockchain, it rapidly gained attention in the crypto no utility or roadmap, the memecoin is 100% community-driven with a 420.69 trillion token supply. Despite lacking fundamental value, PEPE experienced explosive growth, reaching a multi-billion dollar market cap and securing listings on major exchanges like price movements are driven purely by social media trends and community sentiment, making it extremely volatile and speculative. Like DOGE and SHIB, PEPE is subject to rapid pumps and dumps while benefiting from periodic memecoin rallies and its unique 'frog coin' Lowest Prediction ($) Average Prediction ($) Maximum Prediction ($) 2025 0.00000708 0.00001888 0.00003345 2026 0.00000591 0.00001376 0.00001960 2027 0.00000605 0.00000737 0.00000904 2028 0.00000682 0.00001139 0.00001381 2029 0.00001317 0.00002514 0.00004500 2030 0.00002241 0.00002480 0.00003162 2025 Pepe Price Prediction Lowest Prediction: $0.000007082 Average Prediction: $0.00001431 Maximum Prediction: $0.00002405 Pepe's price in 2025 will likely be influenced by memecoin market sentiment and broader crypto market trends. If Bitcoin and Ethereum enter a strong bull market, PEPE could experience renewed speculative demand, pushing its price toward the higher range of projections. Community-driven engagement and viral trends will remain crucial for Pepe's price performance. If PEPE can sustain hype through influencer support and social media trends, it may outperform other memecoins. As seen with previous memecoins, a lack of sustained engagement or a shift in retail investor focus could lead to price stagnation or declines. Don't Miss: . 2026 Pepe Price Prediction Lowest Prediction: $0.000005908 Average Prediction: $0.00001376 Maximum Prediction: $0.00001960 By 2026, Pepe may struggle to maintain the same speculative interest as new memecoins emerge. History suggests that meme-based assets often see declining attention unless reinvigorated by external factors, such as exchange listings or high-profile endorsements. Regulatory scrutiny could also impact memecoin markets. If regulators introduce stricter rules on speculative assets, PEPE's growth may be hindered. Should mainstream crypto adoption expand further, Pepe could sustain moderate gains. 2030 Pepe Price Prediction Lowest Prediction: $0.00002241 Average Prediction: $0.00003162 Maximum Prediction: $0.00004500 By 2030, Pepe's long-term survival will depend on its ability to remain relevant in the memecoin market. If PEPE is still widely recognized and traded, it could see a resurgence driven by nostalgia or continued viral appeal. Memecoins typically struggle with longevity. Without a strong ecosystem or real-world use cases, PEPE may face challenges competing with newer, more innovative meme-based assets. Investors should consider the risks of long-term holding, as memecoin markets are highly volatile. Reasons to Invest in Pepe Pepe has captured a dedicated following, making it a prime candidate for speculative trading during crypto market upswings. Here are a few key reasons investors might consider PEPE: Strong Community & Hype: Memecoins rely on their communities for longevity, and PEPE has a highly engaged social media audience. High Volatility for Traders: Short-term traders may benefit from PEPE's price swings, capitalizing on hype-driven rallies. Potential Exchange Listings: If major platforms such as Coinbase or Binance expand support for PEPE, it could trigger price surges. Despite these advantages, PEPE remains a speculative asset with no intrinsic value beyond its cultural appeal. Factors That Could Slow Pepe's Growth Despite its popularity and recent price surges, several factors could hinder Pepe Coin's growth in the coming years. One of the primary concerns is the nature of memecoins themselves. Highly speculative assets driven by hype rather than fundamental value. While PEPE has maintained a strong community presence, memecoins often experience rapid rises followed by sharp declines. If investor interest shifts toward newer or more utility-driven assets, PEPE could struggle to sustain its value. Regulatory uncertainty remains a significant risk for Pepe Coin. As governments and financial regulators worldwide continue scrutinizing cryptocurrencies, memecoins could become targets of restrictive policies. Increased regulation could limit accessibility on major exchanges, reducing liquidity and speculative interest. In some cases, outright bans on certain cryptocurrencies or taxation policies could dampen enthusiasm for investing in PEPE. Another key challenge is the overall market sentiment. The Fear & Greed Index on Wallet Investor currently shows a 32 (Fear) value, indicating that investors are hesitant about high-risk assets like Pepe Coin. If bearish sentiment persists and Bitcoin, Ethereum or other major cryptocurrencies enter a prolonged downturn, PEPE could see further price declines. The memecoin's dependence on social media trends also adds an element of unpredictability. The coin's momentum could fade without sustained influencer endorsements or viral moments. Price Predictions from Analysts According to CoinCodex, Pepe Coin is expected to see a substantial price increase over the next several years, with predictions indicating both bullish and bearish scenarios depending on broader market conditions. By April 15, 2025, CoinCodex analysts forecast a 227.92% price increase, reaching $0.00002322. Current market sentiment remains bearish, suggesting short-term volatility is likely before an upward trend takes hold. In March 2025, CoinCodex anticipated a potential price rebound, with an expected 99.40% increase from current levels. The price may range between $0.00002405 and $0.000007082, with an average of $0.00001431. While this prediction follows a 28.43% loss over the last 30 days, it also suggests a possible reversal of the trend, making PEPE a potentially attractive buy for long-term investors seeking a 235.15% return on investment. Looking further ahead, Pepe Coin is predicted to close the year within a trading range of $0.00001310 to $0.00001341. This would result in an 84.79% increase from current prices, with a potential profit of 87.01% for investors who enter at current levels. Predictions for 2026 indicate a trading range between $0.000005908 and $0.00001960, with a yearly average of $0.00001376. The most bullish expectations place PEPE at 173.56% above current prices in early 2026. Long-term forecasts remain positive, with 2027's average price projected at $0.000007374, followed by a 58.98% increase in 2028, pushing the average price to $0.00001139. The strongest bullish case for 2029 suggests a potential high of $0.00004500, representing a 528.20% gain from today's value. By 2030, analysts expect continued growth, with PEPE potentially reaching highs of $0.00003162, offering an ROI of 341.79%. Market Sentiment and Social Trends Pepe Coin's price movements are heavily influenced by community sentiment, social media trends and speculative interest. Memecoins are known for rapid trend reversals, especially when fueled by viral moments or influencer endorsements. Social media engagement plays a crucial role in PEPE's success. If prominent figures in the crypto space, such as Elon Musk or major crypto influencers, tweet about Pepe Coin, the price could surge. Retail investors on platforms like TikTok, Reddit and Twitter have historically driven memecoin rallies. Monitoring these platforms for trends, hashtags and mentions can provide insight into potential price movements. Whale activity also influences Pepe Coin's trajectory. Large investors accumulating PEPE suggest confidence in its long-term potential, while sudden sell-offs by whales could trigger sharp declines. Recent trading data indicates that Pepe Coin recorded 13 out of 30 green days in the last month, meaning that nearly half of its trading days saw price gains. The asset remains highly volatile, with a recorded price fluctuation of 15.86% over the same period. Speculative Demand and Hype Cycles Like all memecoins, Pepe Coin experiences boom-and-bust cycles driven by speculative demand rather than intrinsic value. Historically, memecoins have thrived during crypto bull runs, when retail investors have excess liquidity and are willing to take risks on highly volatile assets. PEPE's future price trends will likely follow these patterns, surging during optimistic market conditions and crashing during bearish periods. Exchange listings, celebrity endorsements and viral trends are the most significant factors contributing to PEPE's price spikes. If Pepe Coin is listed on major platforms like Coinbase or Binance, its price could experience an immediate surge due to increased accessibility and liquidity. This pattern was observed with Dogecoin and Shiba Inu, which saw massive spikes following exchange listings. Technical Indicators and Price Levels Pepe Coin's price movements can be assessed using technical indicators highlighting key support and resistance levels. According to Wallet Investor, the following price levels are critical in determining potential breakouts or retracements: Resistance Level (R3): 0.000155 Resistance Level (R2): 0.000123 Resistance Level (R1): 0.0000648 Pivot Point: 0.0000324 Support Level (S1): -0.0000258 Support Level (S2): -0.0000582 Support Level (S3): -0.000116 If Pepe Coin breaks above the first resistance level, it could signal a strong upward trend toward its higher price targets. Failing to hold the pivot point may indicate a bearish trend, leading to further price declines toward key support levels. Broader Market Factors Pepe Coin's price movements are also influenced by broader macroeconomic conditions, including Bitcoin and Ethereum's performance, Federal Reserve policies and overall risk appetite in the crypto market. Historically, memecoins have closely followed Bitcoin's trajectory, so if BTC enters a bull market, PEPE will likely see a speculative interest surge. Conversely, memecoins suffer heavier losses during bearish market conditions than more fundamentally driven assets. Final Price Forecast Based on the current market conditions and long-term projections, Pepe Coin's future price could follow one of three possible scenarios, according to CoinCodex: Bearish Case: $0.000005908 – If market sentiment remains negative and speculative demand fades, PEPE could drop toward this level. Average Case: $0.00001376 – A moderate estimate suggests that PEPE will continue to experience periodic surges and corrections, maintaining a stable upward trajectory. Bullish Case: $0.00004500 – If Pepe Coin maintains strong community engagement, gains more exchange listings and benefits from a broader market rally, it could see massive price growth, reaching this high by 2029. Pepe Coin remains one of the most speculative assets in the cryptocurrency market. While its short-term prospects appear promising based on potential trend reversals, investors should remain cautious of its volatility and long-term sustainability. Recommended: . This article PEPE Price Prediction: Where Pepe Could Be by 2025, 2026, and 2030 originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
